We need to be aware that ETHEREUM Hardfork is so Near!!! It will take place at 1,920,000 Block!! (Around 35 hour more or so) . Please note that Speculation means THEORY and there's no right and wrong answer since cryptocurrency industry always move in a very fast pace.!!
(FIRST PREDICTION) Ether's Price IS going To DROP To the CORE oF THE EARTH!!
From a technical perspective, procedure of hardfork is like a double-edge sword. There's possibility that it could go wrong! If it does..... DISASTROUS will Happen!!
We knew the reason why Ethereum is doing Hardfork. Yups!! to restore all the hacked ethereum from DarkDAO to the THEDAO. After that... all the Ether from the THEDAO will be returning to the Ethereum's Marketplace. Since TheDAO hold more than 13% of Ethereum Total Supply, thats means the supply of Ether in the market will Increase!!
From an economic perspective, "When supply increase while the Demand makes no changes, then the value of products will decrease"
(SECOND PREDICTION) Ether's Price IS going To SKYROCKETING to VENUS!!!
ACTUALLY... Regarding the fact that Ether's supply will increase is NO BIG SECRET ANYMORE! Everyone ( i believe) is already AWARE! OPsss......
There's NO BIG SURPRISE as well that The DAO TOKEN Holder could trade their DAOTOKEN Right NOW to BITCOIN at the Exchanger at discounted price of 5% compare to the original value!
From psychology perspective, -5% LOSS is NO BIG DEAL!! they might thought: " It is better to lose 5% right now rather than suffer a bigger loss" This is why Ether Price Right now is already DROP before even HARDFORK Happens!!
So!! After the hardfork Happened... ONLY THOSE DAO TOKEN HOLDER who Keep their Ether for a long haul REMAINS!! While Those who already Sold Their DAOTOKEN TO BitCOIN (before Hardfork) is very HUNGRY to buy Ether at the lowest price possible to cover up their losses (-5%)
Another factor why ETHER is Going to Shoot up is: the MAJORITY of Platform Exchanger is Supporting the Winning Fork, which i believe is hardfork! This means that Ethereum will reach its consensus and therefore eliminating the possibility 2 type of rumored Ether created.
Discussing on the Fundamental aspect, i will be a role of selfish guys here because i am PRO-Ethereum since the beginning!! Ethereum is still function as good as it is and what happened to THEDAO's Drama is not Ethereum Fault. Ethereum community act in unity to give solution for what happening to THEDAO. At this moment, Ethereum is still in the HomeStead phase, there's 2 more phase that Ethereum need to reach (Metropolis and Serenity) before it shows its true value. Ethereum goes up 50X in value from Frontier to Homestead... and because of that reasons, Ethereum still carries alot of hidden potential and is possible to reach $600/Ether!! SOUND CRAZY HUH???
SO that is all i have to write... Big Disclaimer and again: "These is just a bunch of theories!" GOOD LUCK!~!!!
#crypto-news #ethereum